Iraq adopts new measures to increase exports
The spokesperson for the Trade Ministry, Mohammed Hanoun, informed the state-run news agency (INA) that the ministry is collaborating with a committee to promote Iraqi products that are available for export.
Hanoun illustrated that the purpose of this structure is to develop rules that would assist Iraqi investors and producers in promoting items for export.
The Iraqi official also confirmed that the criteria meant to encourage exports are clear and allow exporters to broaden the range of products available for sale. He added that the ministry is making major efforts in this area and intends to export more than 200 Iraqi products.
The approaching term will see tremendous progress, both through recognized export methods and financial and logistical support offered by Iraq's Export Subsidy Fund to Iraqi exporters.
According to Hanoun, there is a strong government interest in executing the current rules set by the Iraqi cabinet to help Iraqi industry and exports as part of a comprehensive plan to encourage Iraqi exports while protecting local industry.
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